Report
Nasdaq reportedly fell 6% as AI-linked assets slid
A market post says CoreWeave bonds plunged into distressed territory and an AI tech basket lost 16.5% for the week.
TLDR
An October 18 market roundup says the Nasdaq fell 6% in its worst week since “Liberation Day.” It says an AI tech beneficiaries basket lost 16.5%, its worst week since its 2023 inception, while hedge funds were aggressively reducing AI exposure. The post also reports that 10-year Treasury yields slid and rate-hike odds fell to 14%.
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